Realtime Robotics, a Boston MA-based company which specializes in autonomous motion planning for industrial robots, raised $31.4M in Series A funding.
New strategic investors including HAHN Automation and SAIC Capital Management, as well as new institutional investors Soundproof Ventures and Heroic Ventures, joined existing investors SPARX Asset Management, Omron Ventures, Toyota AI Ventures, Scrum Ventures and Duke Angels in closing this round.
The company will be use the funds to accelerate its product rollouts and continue its investment in innovative enhancements and solutions.
Led by Peter Howard, CEO, Realtime Robotics has developed a specialized processor to generate collision-free motion plans in milliseconds for industrial robots and autonomous vehicles. Its solution empowers robots to function together in unstructured and collaborative workspaces, as well as to react to dynamic obstacles the instant changes are perceived.